The RF transceiver market will witness a growth rate of 0.8% in the coming years to reach $3,385 million by 2030. The increasing acceptance of mobile communication technologies like 4G and 5G, and increasing demand for IoT technology are the main industrial drivers. 

Single-chip transceiver had the highest revenue in the past.  These are observing an increasing requirement because of their extensive use in routers, mobile devices and modems. These alternatives make use of low power and can work with low power in a wireless system.

 5G transceivers will showcase the fastest growth in the future The opportunities for 5G are vast; regions like Europe and North America would have a fast deployment of 5G in the future, with numerous government initiatives and plans concerning the disposition of the technology in numerous sectors are already implemented.

Mobile devices are generating an enormous demand, because of the massive manufacture of mobiles worldwide. With the increasing population globally and increasing dependence on the mobile communication technology, the industry has observed a proliferation of mobile devices and acceptance of 3G and 4G.

Consumer electronics generated the highest revenue in the past. The reliable development in the acceptance of tablets, smartphones, laptops, surveillance systems, gaming consoles, IoT, networking equipment accompanied by the rapid infra developments, is catalyzing the industry advance.

APAC RF transceiver market is steadily growing, because of the increasing requirement for smartphones and 5G deployment in Japan, China, and South Korea. The rate of 5G deployment would hasten in China because of the ‘Made in China 2025’ roadmap.

Because of the increasing penetration of internet and massive acceptance of smartphones and 4G and 5G, LATAM will demonstrate the fastest growth in the near future. 5G network would cover over 50% of the region by 2030.

Furthermore, mobile operators investing heavily on their content and media competences, accompanied by 5G services and IoT applications. The industrial development has a lot to do with the upgrading of large and ultra-large data centers from 10 G to 40 G and 100 G transceivers, for higher speed of digital signal transmission.

As a result of the snowballing tech advancements and increasing requirement for dependable, unified, and safe communication, there is a high requirement for wideband transceivers around the globe. These transceivers assist in preventing construction redesigning issues, in addition contributing to distant wireless connectivity.

A main factor contributing to the industrial growth is the increasing use of smartphones globally. Apart from developed economies, their use has grown fast in developing countries also.

The growing demand for mobile devices and the increasing adoption of IoT has a lot to do with the increasing demand of the radiofrequency transceiver around the globe.

Source: P&S Intelligence